Technology Firms’ Anti-Fraud Policies

Microsoft Corp. and other major internet corporations have been urged to clarify their anti-fraud measures by a group of UK legislators.

Investigation of economic crimes

According to a statement released by a committee of the Treasury Parliament on Friday, Twitter Inc., Snap Inc., and TikTok have received demands for information regarding their intentions to safeguard consumers from fraud and the profits they receive from organisations pitching investment opportunities.

The inquiries are part of a probe into economic crimes, and Amazon.com Inc. and Alphabet Inc. have previously provided evidence.

On Thursday, senators looked at a draught Internet safety measure that could make businesses like Facebook Inc. liable for the negative consequences of its platform.